Etsy, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $163.0M | $303.3M | $307.6M | $-694.3M | $493.5M | $349.2M | $95.9M | $77.5M |
| Depreciation & Amortization | $101.8M | $108.1M | $91.3M | $96.7M | $74.3M | $58.2M | $48.0M | $26.7M |
| Depreciation | $70.9M | $70.0M | $51.6M | $55.5M | $45.8M | $43.0M | $38.4M | $22.4M |
| Amortization | $31.0M | $38.1M | $39.7M | $41.3M | $28.4M | $15.2M | $9.6M | $4.3M |
| Stock-Based Compensation | $244.7M | $282.8M | $284.6M | $230.9M | $139.9M | $65.1M | $44.4M | $38.2M |
| Net Cash from Operating Activities | $693.4M | $752.5M | $705.5M | $683.6M | $651.6M | $679.0M | $206.9M | $198.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $15.4M | $14.2M | $13.0M | $10.2M | $11.2M | $1.4M | $7.5M | $1.0M |
| Business Acquisitions | — | — | $0 | $0 | $1.70B | $0 | $270.4M | $0 |
| Net Cash from Investing Activities | $32.1M | $-53.1M | $-73.3M | $-30.0M | $-1.56B | $-11.4M | $-488.4M | $-285.4M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $776.9M | $723.9M | $577.0M | $425.7M | $302.8M | $268.7M | $177.0M | $134.6M |
| Net Cash from Financing Activities | $-169.9M | $-787.2M | $-656.5M | $-506.5M | $452.7M | $119.3M | $359.6M | $144.0M |
| Net Change in Cash | $593.2M | $-103.1M | $-12.3M | $141.1M | $-463.9M | $800.8M | $76.3M | $51.5M |
| Free Cash Flow | $678.0M | $738.3M | $692.6M | $673.4M | $640.3M | $677.5M | $199.4M | $197.9M |